Retail premises to let in 47 Bedford Place, Southampton, Hampshire SO15

Description

Bedford Place is a popular trading location within the city centre. It is situated within the business district and has a large student population. There are numerous car parks in close proximity of the property in addition to public meter parking on Bedford Place. Corporate and independent operators in the area include Starbucks, Revolution, Happy Bean Coffee Bar, 7 Bone Burger Co. Sainsbury's and more.

The property comprises of a ground floor lock-up retail shop which is suitable for a variety of users. The accommodation also benefits from a WC and rear access.

Accommodation

Ground Floor
Total NIA 492 sq.ft (45.73 sq.)

Rating

Rateable Value £9,600
Source The 2024/2025 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.

Terms

Available by way of a new full repairing and insuring lease for a term to be agreed at £14,000 per annum exclusive of rates VAT and all other outgoings.

Note: There is to be a service charge levied to cover communal costs
Note: It is understood VAT is not payable on rents.

Planning

Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, café, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.

EPC Text

Asset Rating - To be assessed